Husband is hoarding money and jeopardizing relationship

money hoarding

DEBT SCARES MAN TO THE BANK   Believe it or not there are people who have money hoarding tendencies because a fear of living without cash can push people over the edge. Just because someone is in debt doesn’t mean they are OK with it even though some people think that having consumer debt is normal. Some people get very ill thinking about their debt and it can cause great stress in their life mostly affecting their health, job and relationships/family. What else could money possibly affect? It’s hard to find a middle ground sometimes when money becomes the reason for living. I’m not saying money is NOT important because it is but for those who scare themselves off a cliff it’s serious business. Having millions of dollars in the bank when retirement comes around would be great but you don’t have to live like a miser to get you there. Even though compulsive hoarding is defined as hanging on to stuff that others may view as junk hoarding money is another way of stashing cash which someone is too afraid to spend unless they are forced to. ie: Paying the bills to live . Maybe hoarding might not be […]

Why a healthy relationship takes more than just money

Mansion Healthy Relationship(1)

LOVE IS THE KEY TO HAPPINESS   A healthy relationship based on true love takes work, mistakes and lots of glue to keep it together no matter how wealthy a couple is. The misconception that couple’s who live a stress free, debt-free money induced lifestyle must be happy is so far gone it’s a shame that people put so much weight on money and love. Hollywood is a classic example of how being rich isn’t everything, pre-nups are. Every month some A-lister or ‘successful someone’ is getting divorced and guess what… they have money. I know people who feel they are not good enough for love because they aren’t rich, don’t have successful careers or fit the role of supermodel. Forget all that crap, would you. It’s one thing to lead a motivated life but it’s another to focus so much on what you do want that you may miss opportunities. Sure, you don’t have to settle because finding the ideal partner is important but don’t let a list of “must-have’s” consume you unless you don’t mind being single forever or in a relationship based on what you believe is a healthy relationship. Have you heard this before? It must […]

How to prevent financial secrets in a relationship

how to prevent financial secrets in a relationship(1)

TOGETHER MEANS TWO   Unfortunately if you are married debt is a family affair and if there are any financial secrets hiding in your closet you still may be on the hook for them. “My spouse secretly racked up credit card debt.” How many times have we heard that scenario, over and over again? A guy I know went through this relationship changing scenario with his now ex-wife. He got married shortly after University to the woman of his dreams. She was a happy, smart woman whom he had lots of fun with and they connected well, they were in love. On the outside it seemed like she had her stuff together. I met her a few times and she was always pleasant. Over the years they bought a house and worked their way up the corporate ladder. It was in 2012 when his wife lost her job due to downsizing that everything went downhill for them, and fast. She struggled to find a new job in her field of work that year but as far as he knew she was still looking for work. They had less and less money to keep their huge house running so they had […]

Parents ask son to save money after they were homeless and poor

ave money student on laptop

SAVING MONEY IS YOUR CHOICE   If you want to save money then don’t wait until things come crashing down and you need that money, do it now! Being homeless and poor is not something to take lightly because it happens all around us. For those who have survived and experienced this life many go on to motivate others how NOT to land themselves on the streets. Today’s fan question shares some deep secrets about the time his parents found themselves living on the streets with no savings and nowhere to go. It’s either the parents writing to me or their children because for one reason or another money is a big problem. It doesn’t matter whether you are a student or have a high-profile job if you don’t know where your money is going it’s your own fault when you don’t have anything at the end to show for it all. I’m not talking “stuff” either. I’m talking about cash and investments. If you earn money you should have some sort of system to save money and budget or in the least know your expenses and track them.   Life Choices   It seems from my experience with fan […]

Mom has meltdown over teen and financial responsibility

teenager financial responsibility

TOUGH LOVE, TOUGH LUCK   When a CBB fan came to me via email yesterday to help her with a problem she is having at home with her daughter I said sure. I thought to myself how difficult could it possibly be? I thought maybe she wanted a lesson on how to help her teen budget money or find ways to earn extra money on the side. Sadly, I was only half right. Teaching your kids financial responsibility starts from a very young age and some kids, well they just don’t get it. It’s easy to for kids to not understand just how costly it is for their parents to raise them and believe they are ‘entitled’ to handouts until they leave home, if they leave home. If you aren’t part of the process you won’t understand the process and that’s why it’s not until we are older that we look back on our lives and understand why our parents did what they did. I’ll be honest and say that when I first read her question the evil side in Mr. CBB came out and I thought… Why don’t you just kick your “teen with an attitude” out and teach […]

How having a baby affected our budget : Shocking numbers!

How having a baby affected our budget

IT ALL ADDS UP…   Although we thought having a baby would be pricey our 2014 baby expense numbers that I will share with you today prove that with determination you don’t have to spend a fortune! Were we shocked? You bet because we anticipated spending thousands of dollars more than we did. I’m pretty sure there are going to be moms and dads out there that could slash our expenses even further to save more than we did but the key here is to pick and choose what you need and don’t need. With most mothers going on maternity leave and some fathers on paternity leave this can impact the family budget significantly enough as it is so the last thing you want to do is pay full-price for baby related items if you don’t have to. Surviving having a baby on a lower-income is only half the battle. Although there are ways to earn extra money while on parental leave it’s not easy with a new baby on board but for some parents it’s a great way to earn a bit of extra cash for their bank account.   Surprise, Surprise!   Having a baby after the age […]

Sneaky wife teaches husband a money lesson he won’t forget

money lesson about cash and budgets

MY MONEY YOUR MONEY OUR MONEY   It’s unfortunate in relationships when both partners aren’t on the same page financially and extreme measures are taken to teach a money lesson. It sounds a bit daft but to be honest when I read this fan question I felt sorry for her but I also applauded her for taking such a desperate step to teach her husband that money is a weighty issue. Although I am completely on board when it comes to telling all of you to talk about finances BEFORE you are married I also understand that for some people it never happens. In fact some couples assume the man is in charge of the money which seems a bit odd but that’s the way it goes. Most people I’ve ever chatted to it seems like the woman does all the money hugging and pays all the bills while the husband nods and takes it all in with a smile. Let’s be honest here money management isn’t a fun job for lots of people especially when there isn’t cash to splash around. I’m pretty sure when debt is deep or when money is on the brain because creditors will come […]

Engaged? Five money conversations to have before you say ‘I do’

engaged

IMPORTANT TALKS TO HAVE   You just got engaged. Congratulations! It’s a busy and exciting time full of planning for the future. But in the midst of choosing bouquet flowers and planning the honeymoon, the one thing you can’t neglect talking about before you tie the knot is money.For a lot of people, money isn’t something they enjoy discussing. As someone who is newly engaged, maybe you haven’t had many conversations about money with your partner before. It’s time to start talking. Financial stress is one of the leading causes of divorce, so if you want to retain the blissful happiness you feel as an engaged couple, it’s important to get on the same page about finances early.I got engaged in June 2013 and married my husband in June 2014. It was a whirlwind leading up to the wedding, but these are some of the conversations that we had before and during our engagement. Being open with one another about finances, knowing what each person expects, and understanding each other’s views on money has made our transition into married life fairly smooth.Have these five conversations while you’re engaged and you’ll help ensure a solid footing for your marriage.   The […]

Why marrying for financial security back-fired on her

financial security marriage

MONEY ONLY GOES SO FAR   It’s true that money happiness can be stretched to certain limits but eventually that financial security that so many crave turns to a desire to be loved especially if they married for all the wrong reasons. Sometimes I wonder if we learn about love and money from the way we are brought up. We either look for what our parents were or total opposite, what they were not. Don’t teach your children to find someone based on financial security because you may just be doing your child an injustice of having to rely on someone else for their happiness. Teach them to be independent and that true love will come when they least expect it.   Believe in yourself   If we could all see the numbers hidden behind the scenes of customers at financial institutions there would be even more unhappy marriages ending in divorce. Why? Some people marry for money because they think it’s the only way to create happiness in their lives, especially when they aren’t motivated by their own success. This may even lead to controlling relationships. People may not believe in their abilities to become financially successful so they […]

The High Costs of Newborn Photos and Birth Videos

newborn photography Cat Alford Budget Blonde

MONEY WELL SPENT   I guess you could say I’m a pretty frugal person most of the time. I don’t like to spend money on new cars, expensive meals out, or lifestyle inflation. But, when it comes to spending money on experiences, making memories, or my boy-girl twins (the beans) I’m willing to make bigger investments here and there. To me, making memories with my family and taking care of the beans are the most important things in my life. This is how I choose to spend my money – not on “stuff” but on memories. With that said, when I got pregnant last year, I knew that I wanted the full experience of newborn photos and possibly even a birth video. I also knew that these things would not come cheap at all. In fact, paying for professional photography and videography is often one of the largest and most under-budgeted expenses for life events, like weddings and births.   Newborn Photos and Video Costs   When I began looking for a newborn photographer, it was very tempting for me to try to be frugal about it. I wanted to get photos taken, but I didn’t want to spend the […]